Author: micke

2021-11-05 Price 26NOK. BW Energy (BW Offshore group spin-off). Kepler Cheuvreux have a very positive outlook +72% (45NOK) and Pareto has it in the model portfolio. In the 2021Q2 presentation; the company says it is well financed without loans. The company has some production now and a positive cash flow and it will increase significantly during 2022 and through 2025 topping at 60000 bbls. The company has focus on M&A and development of existing fields. Do not expect dividend before 2025. But consider if it is best to take this stock or better to go for a stock that will deliver shareholder return in the near future such as Africa Oil or IPCO. The share dropped 28 Oct due to a large sell by BW Offshore. There was a payout for Q2 production in Q3 but the production in Q3 till go to the government, this will probably make a very weak Q3. Consider if it is better to wait and by after the Q3 report, the Q4 will probably be strong, or if now is a good time given the recent fall and that a weak Q3 is expected...